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Waterloo Townhouses for Rent

2 months ago
For Rent
$3,400 / Mo

T101 - 62 Balsam St, Waterloo

4 + 1 beds3 baths1600–1799 sq. ft.
Showing Results 1–1 of 1
Page 1 of 1

Renting a Townhouse in Waterloo

Zoocasa has 28 active townhouse listings for rent throughout Waterloo. For past listings, search our Waterloo sold and expired listings. The average listing price in Waterloo for a townhouse is $3,400. The average list price differs significantly for other property types. The average rental price of a house is $2,159, $3,400 for a townhouse, and $1,863 for a condo. There are many popular cities surrounding Waterloo, including Kitchener, Cambridge, Guelph, Brantford, Milton, Burlington, Norfolk County that offer a variety of rental prices and unique areas to live. Waterloo also has many options for buyers looking for a townhouse with 1 active listings and an average list price of $631,217.

Waterloo Property Taxes

Residents of the City of Waterloo are expected to pay property taxes on all residences that they own. Property taxes can usually be found on each active Zoocasa listing, or can be looked up here. As of 2017, the estimated property tax residents can expect to pay is 1.130%.

Provincial/Municipal Land Transfer Tax

There is currently no municipal land transfer tax in effect in Waterloo but the provincial land transfer tax still applies to all property purchases

See below for provincial land transfer tax rates.

Ontario Land Transfer Tax Rates
Purchase Price Rate
$0 - $55,000 0.5%
$55,000.01 - $250,000 1.0%
$250,000.01 - $400,000 1.5%
$400,000.01 - $2,000,000 2.0%
$2,000,000+ 2.5%

Waterloo Land Transfer Example:

Purchase price = $300,000

Ontario LTT
Purchase Price Subtract Tax Brackets Rate Non 1st Time Buyer Tax Payable 1st Time Buyer Tax Payable
$0 - $55,000 $55,000 0.5% $275 $0
$55,000 - $250,000 $195,000 1.0% $1,950 $0
$250,000 - $400,000 $150,000 1.5% $2,250 $475
$400,000 - $600,000 $200,000 2.0% $4,000 $4,000
Total LTT
Non 1st Time Buyer 1st Time Buyer
$8,475 $4,457

Waterloo City Guide

Waterloo is the smallest of the tri-cities of Cambridge-Waterloo-Kitchener that make up the Regional Municipality of Waterloo. While there has been serval failed attempts to combine the cities of Waterloo and Kitchener, many still refer to the two municipalities jointly as “Kitchener-Waterloo”.

The city is home to Waterloo University, one of the country’s top universities for engineering and computer science. Waterloo’s economy is support by the high-tech sector with the city’s largest employer being BlackBerry and Sun Life Financial. The city is part of Canada’s Technology Triangle, a join economic development initiative between Waterloo, Kitchener, and Cambridge.

Living in Waterloo

Demographics

As of the Canada 2016 Census, there are 233,222 people living in the city of Waterloo. This represents a 6.4% growth from the 2011 Census population of 219,153, dramatically higher than both Ontario’s overall growth rate of 4.6% and Canada’s growth rate of 5.0%. Quite a large portion of Waterloo’s residents are of various Asian backgrounds with Chinese being the predominant group (6.8%). This is followed by Indian (3.8%), and Korean (0.9%).

Schools

The Waterloo Region District School Board governs 104 elementary schools and 16 secondary schools across the city with 64,643 students.

Elementary School Name Fraser Rating (out of 10.0)
Laurelwood 9.2
Abraham Erb 9.0
Vista Hills 8.5
Lackner Woods 8.1
Milen Woods 8.0
Secondary School Name Fraser Rating (out of 10.0)
Elmira 8.5
Waterloo 7.9
Sir John A Macdonald 7.4
Bluevale 7.4
Preston 7.1

Retail

The major shopping centre in Waterloo is Conestoga Mall which is located at 550 King Street North. The mall is home to over 130 stores and services. Anchor tenants include Hudson’s Bay, Galaxy Cinemas, Winners, and Sport Chek.

Sports

There are currently no professional sports team that belong to Waterloo. Most residents in the city visit Toronto for professional sports.

Waterloo Airbnb Regulations

There are currently no regulations in place for short-term rental platforms like Airbnb in the city of Waterloo.

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